Andrada Mining Share Discussion Threads

[donald pond] 05/3/2022 07:57

The lithium price is up 600% over last 12 months. That changes the economics significantly.

[ukgeorge] 04/3/2022 09:33

Just had a little top up 66,979 @6.88p

Roll on them finding a load of Lithium

[ukgeorge] 02/3/2022 14:38

Site visit next week so should be some more news/broker updates.

[ukgeorge] 02/3/2022 12:10

From SPAngel

AfriTin Mining (ATM LN) – Surface exposures of lithium mineralisation discovered during regional exploration



Company News

AfriTin Mining (ATM LN) 7.3p, Mkt Cap £79m – Surface exposures of lithium mineralisation discovered during regional exploration

• Afritin reports that its early-stage regional exploration programme of historic mining and greenfield exploration sites in central Namibia has discovered surface exposures of mineralised pegmatites containing the lithium mineral, spodumene.

• “The mineralised pegmatites have a combined strike length of approximately 2 km and occur within the adjacent fully permitted mining licence, ML 129. They occur in close proximity to an existing arterial road and fall within the operational limits of the Uis Tin Mine”.

• Afritin explains that “the Uis Tin Mine is situated, hosts a JORC (2012) compliant mineral resource containing approximately 450,000 tonnes of Li2O, with the primary lithium ore mineral identified as petalite … [and that the] … spodumene identified on ML 129 indicates the potential for broadening the range of AfriTin's strategic mineral portfolio and furthering the Company's objective of establishing an inventory of technology metals”.

• The company says that “Whilst it is an early stage discovery, and significant work is required to fully understand these results, it is nevertheless an exciting development that underpins the Company's confidence in the prospectivity of ML129”.

• CEO, Anthony Viljoen, confirmed that Afritin “intends to conduct an exploration drilling programme on this target during 2022, with the aim of adding to our existing lithium resource at Uis”.
Conclusion: The early stage identification of spodumene mineralisation will be followed up later this year with drilling to establish the additional resource potential of the newly identified pegmatite mineralisation. We look forward to further news as the exploration proceeds.

[ukgeorge] 02/3/2022 09:20

These are in breakout territory even before this news, roll on smashing through 10p when the market wakes up.

Nice safe jurisdiction no where near Europe!

160,234 @ 7.177p more for me.

Shame it looks like someone sold 2.5M at 9am

[ukgeorge] 02/3/2022 09:14

Prompted me to add 115,640 @ 7.14p and 107,147 @ 7.177p

Fingers crossed that the drilling hits something good, this being spodumene as they said in the RNS means it can go into batteries. This if decent grades and widths will be transformational for Afritin.

It is also within the current mining license so cuts out a huge amount of red tape.

The lithium juniors have had an extraordinary couple of years.

This is like adding icing to an already dam good cake.

[3ootuk] 02/3/2022 08:15

Maybe the plant they're designing can have a separate part for higher % lithium. Obviously lots of surveys to do, but if there was an initial area heavily loaded that could be easily mined, they could start that without a jorc.

[ukgeorge] 02/3/2022 07:44

Tin is also $45k woop woop

[ukgeorge] 02/3/2022 07:40

A bit early stage for that :) but I would think it would be a small amount of processing and then off to China

[3ootuk] 02/3/2022 07:35

Good news. I wonder if there's a plant nearby they can feed in to, or sell it raw.

[dunns_river_falls] 02/3/2022 07:17

Spodumene lithium discovered. Great news and it's close to Uis.

[a2584728] 02/3/2022 07:16

Great RNS for the future

[3ootuk] 25/2/2022 12:24

Might need a few tin hats the way the world is going.

[dunns_river_falls] 25/2/2022 12:15

Next leg up maybe! Cant buy online sadly. But can sell plenty. Good signs. Come on ATM, 10p is well deserved here.

[nicosevos] 25/2/2022 10:27

Had another top up.....Next Quarterly 15th March???!!!!


15th Dec 2021 7:00 am RNS Quarterly Production Update

[stockhunters] 22/2/2022 15:36

tin $50k in next couple weeks?

10p if it does

[nicosevos] 22/2/2022 07:19

And then on to 20p by the end of May......
imo
Edit, 15-20p May/June.....

[ukgeorge] 21/2/2022 23:30

36m in 3 days very positive that the rise is on high volume. Similar to around March last year. Next stop 10p.

[a2584728] 21/2/2022 12:20

Some lumpy buys going through

[ukgeorge] 21/2/2022 11:06

Tin hits further record highs on continued supply disruptions and rising demand

• Tin prices have risen 11% this year to $44,100/t driven by export delays in Indonesia, which produces 29% of global tin output and strong consumer electronics demand.

• Indonesia exported 70% less tin in Jan 2022 than Jan 2021 as delays to private export licenses have hit available supply.

• Long-term supply is not forecast to be sufficient, with the ITA expecting 11 new projects by 2030 contributing 35kt into the concentrate market.

• Demand growth rates have doubled from 1-2% to 3-4%, with analysts forecasting a continuation of current tight markets. (ITA)

• Semiconductor demand has been a primary growth factor, forecast to grow an additional 9% this year. (Platts)

[gardenboy] 21/2/2022 10:07

Looking interesting

[weyweyumfozo] 21/2/2022 09:52

"Enjoy the ride" as AV said.

[mold breaker] 21/2/2022 09:50

7.4p - blue skies ahead